Though it is unfortunate, it is an inevitable reality that people are going to face many instances of hardship and difficult times in their lives. To make these trying times more manageable, many people will do whatever they can to try to be as prepared as possible. Quite often, people will encounter problems in the…
Day: August 5, 2013
Don;’t Let Debt Become Bad Debt!
Speaking in accounting terms, debts are usually referred to as accounts receivable. The two common techniques of accounting for bad debts are known as the allowance method and the other is the write off method. Without claiming either situation to be better than the other, but if you are just an average working person rather…